Business · Facts & sources
4 sourced facts about small businesses in America, each with the context behind the number. 4 more are in today's round and appear here after it closes.
Answerabout two-thirds
Small businesses have been a major engine of U.S. job creation over the past couple of decades.
Source: U.S. Small Business Administration (via Wikipedia) (2023) en.wikipedia.org
Answer69%
Most small businesses that fail do so relatively early, within the first couple of years.
Source: U.S. Small Business Administration Office of Advocacy (via Wikipedia) (2023) en.wikipedia.org
Answerabout 49% higher
Bigger companies tend to pay significantly more on average than small businesses do for similar roles.
Source: U.S. Small Business Administration Office of Advocacy (via Wikipedia) (2023) en.wikipedia.org
Answerabout 3 times higher
Employees tend to change jobs far more often at small businesses than at large, established employers.
Source: U.S. Small Business Administration Office of Advocacy (via Wikipedia) (2023) en.wikipedia.org